Adams Asset Advisors LLC Decreases Stock Holdings in Citigroup Inc. (NYSE:C)

Adams Asset Advisors LLC lowered its holdings in Citigroup Inc. (NYSE:C) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 175,116 shares of the company’s stock after selling 11,599 shares during the period. Citigroup comprises 1.6% of Adams Asset Advisors LLC’s holdings, making the stock its 16th largest position. Adams Asset Advisors LLC’s holdings in Citigroup were worth $12,326,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Northwest Investment Counselors LLC purchased a new stake in Citigroup in the 3rd quarter worth about $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Citigroup in the second quarter worth about $31,000. Legacy Investment Solutions LLC bought a new stake in shares of Citigroup in the third quarter valued at approximately $31,000. GHP Investment Advisors Inc. lifted its stake in shares of Citigroup by 184.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock valued at $36,000 after buying an additional 368 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. grew its stake in Citigroup by 69.3% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock valued at $39,000 after buying an additional 260 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on C. Wells Fargo & Company boosted their price objective on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Evercore ISI upped their target price on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a report on Wednesday, October 16th. Bank of America lifted their price objective on Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods upped their target price on Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Truist Financial began coverage on Citigroup in a research report on Tuesday, January 7th. They set a “buy” rating and a $85.00 price target for the company. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.13.

Citigroup Stock Up 1.0 %

Shares of NYSE:C traded up $0.73 during midday trading on Monday, reaching $72.13. The company’s stock had a trading volume of 6,875,401 shares, compared to its average volume of 13,181,036. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The firm has a 50 day moving average of $70.19 and a 200-day moving average of $65.07. The firm has a market capitalization of $136.42 billion, a P/E ratio of 20.91, a PEG ratio of 0.80 and a beta of 1.43. Citigroup Inc. has a 12-month low of $50.51 and a 12-month high of $74.29.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. During the same period in the previous year, the firm posted $1.52 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, research analysts anticipate that Citigroup Inc. will post 5.86 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.56 per share. The ex-dividend date was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.11%. Citigroup’s dividend payout ratio is 64.93%.

About Citigroup

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.